John White of TTF: reduce VAT on sustainable timber.
Autumn Statement: TTF endorses Osborne's measures
Published: 02 December, 2011
LONDON: Responding to Chancellor George Osborne's Autumn Statement, Timber Trade Federation chief executive John White said it would provide "a welcome boost for all firms involved in the construction sector…
…particularly the timber and wood products which are a vital component for every stage of project development".
The £20bn National Loan Guarantee Scheme should also provide extra security for the SME sector, the largest employment sector in the UK, Mr White aded.
The timber and wood products supply chain is worth about £18bn/year annually to the UK economy. It is made up almost entirely of SME businesses and forms a vital part of our low-carbon manufacturing and construction sectors. We welcome this extra safety net for our members.
"Taking yesterday's measures into account, along with recent announcements on housing strategy and the Green Deal proposals, the Chancellor has the potential to provide the vision and reality for a vibrant low-carbon construction sector with natural, low-carbon products at its heart," Mr White stated.
"We now urge him to pledge his support for the Timber Industry Manifesto, reducing VAT on sustainable timber and creating a 'Wood First' rule in all publicly-funded building projects. It would support jobs, support the expansion of sustainable forests in the UK, and help achieve our low-carbon targets while expanding the economy."